Sify Technologies (NASDAQ:SIFY) Sets New 1-Year High – Should You Buy?

Sify Technologies Limited (NASDAQ:SIFY)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $9.39 and last traded at $9.26, with a volume of 41837 shares trading hands. The stock had previously closed at $9.00.

Sify Technologies Stock Performance

The stock has a market cap of $656.58 million, a PE ratio of 226.88 and a beta of 0.92. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.96 and a quick ratio of 0.82. The business has a 50 day moving average price of $6.09 and a two-hundred day moving average price of $5.08.

Institutional Trading of Sify Technologies

A number of institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC lifted its stake in Sify Technologies by 75.4% in the first quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company’s stock worth $838,000 after acquiring an additional 84,958 shares during the period. CSS LLC IL purchased a new stake in Sify Technologies in the fourth quarter worth $135,000. XTX Topco Ltd purchased a new stake in Sify Technologies in the fourth quarter worth $32,000. Virtu Financial LLC purchased a new stake in Sify Technologies in the first quarter worth $44,000. Finally, Schroder Investment Management Group lifted its stake in Sify Technologies by 5.6% in the second quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company’s stock worth $194,000 after acquiring an additional 2,244 shares during the period. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Sify Technologies Company Profile

Sify Technologies Limited offers ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The company offers internet, internet protocol, multi-protocol label switching, virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, dedicated internet access, and proactive monitoring and management of the network and devices.